Te Ara Ahunga Ora Retirement Commission (formerly Commission for Financial Capability), is a Crown entity under the New Zealand Crown Entities Act 2004.[1] The Commission provides financial education and information to residents of New Zealand, advises government on retirement income policy, and monitors the effectiveness of the Retirement Villages Act 2003.
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Empowering the people of Aotearoa on their journeys to a better retirement.
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Agency overview | |
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Formed | 1995 |
Jurisdiction | New Zealand Government |
Headquarters | Level 15, 19 Victoria St West Auckland, New Zealand |
Employees | 30+ |
Annual budget | $8.6 million |
Minister responsible | |
Agency executive |
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Website | https://retirement.govt.nz/ |
Te Ara Ahunga Ora Retirement Commission operates under the NZ Superannuation and Retirement Income Act,[2] which provides the statutory framework for its operations. It also has certain functions under the Retirement Villages Act 2003.[2] The commission is funded by New Zealand's central government and has an annual budget of around $NZ8.6m.[3]
The commission's activities include:
Te Ara Ahunga Ora Retirement Commission is the office of the Retirement Commissioner, Jane Wrightson.[9] She was appointed by the Minister of Commerce for a three-year term from February 2020. Wrightson was formerly Chief Executive of NZ on Air.
Previous Retirement Commissioners are:
41°16′51.612″S 174°46′32.094″E / 41.28100333°S 174.77558167°E / -41.28100333; 174.77558167